Radcom (NASDAQ:RDCM) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Radcom Ltd. (NASDAQ:RDCM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.00 and traded as high as $13.08. Radcom shares last traded at $12.69, with a volume of 155,184 shares changing hands.

Analyst Upgrades and Downgrades

RDCM has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Radcom in a research report on Wednesday, February 11th. Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Performance

The stock has a market capitalization of $212.43 million, a price-to-earnings ratio of 16.92 and a beta of 0.71. The firm has a fifty day moving average of $14.18 and a 200-day moving average of $13.00.

Radcom (NASDAQ:RDCM) last announced its earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $18.59 million during the quarter, compared to the consensus estimate of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. On average, analysts predict that Radcom Ltd. will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RDCM. Raymond James Financial Inc. acquired a new position in Radcom in the second quarter worth approximately $34,000. New York State Common Retirement Fund acquired a new stake in shares of Radcom in the 3rd quarter valued at $76,000. Lazard Asset Management LLC lifted its stake in shares of Radcom by 171.1% in the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after purchasing an additional 4,364 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Radcom in the 3rd quarter valued at $168,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

Radcom Company Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.